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Is the housing market good or bad? The housing recovery is doing very well. We are seeing almost every measure doing much better than it was two to three years ago. Pretty much everything that should be improving is up such as construction, sales and prices. As well as everything that should be down is down. So there are fewer vacancies, fewer people falling behind on their mortgage, which means fewer foreclosures.
As we enter peak home-buying season, it appears that overall consumer confidence is on the rise, according to the latest information from Fannie Mae and other sources.
While Arizona recovers from an economic crisis rooted in predatory lending practices, a bill before the Legislature proposes another round of risky loans not too far removed from the horrific payday-lending loans now mostly a good-riddance memory.
One thing is certain: 2014 will be an interesting year for the real estate industry. The housing recovery will continue and Phoenix will see home-price appreciation continue in 2014. A new set of mortgage rules will emerge. Here are some of our housing market predictions, projections and expectations for 2014.
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
Detroit - For car buyers seeking auto loans, happy days are here again.
The Obama Administration’s Making Home Affordable Program and The HOPE NOW Alliance are bringing the nation’s largest mortgage servicers, along with several nonprofit housing counseling organizations, to Phoenix next week in order to work one-on-one with struggling homeowners in Arizona.
These days in Washington the numbers are getting so scary, politicians almost don’t need to use rhetoric anymore.
It was only 15 years ago. Not quite a generation. The federal budget was nearly balanced, jobs were aplenty, homes were appreciating at about 5 percent a year, there were no wars and people were generally happy with their lives. The good times were rolling!
Just when you thought you could take a break from financial drama, following the resolution of the debt ceiling issue, here comes Act 2: The downgrade of the U.S. long-term credit rating. As a citizen, you may be feeling frustrated. And as an investor, you might be getting worried. But is this concern really justified?
For the first time since the spring of 2009, the Phoenix-area foreclosure rate has dropped below 30 percent of the existing-home transactions in the market. A new report from the W. P. Carey School of Business at Arizona State University confirms five months in a row of foreclosure-rate declines.
Not happy with Pima Canyon changes